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CSPAN
Dec 30, 2012 7:00am EST
this 11th hour deal. what tax and spending issues do need included in any compromise. republicans, your number is -- democrats -- independents -- if you are outside the u.s. -- you can also catch up with us on all your favorite social media sites, twitter, facebook, or e- mail us. a very good morning to you. taking to the latest headlines on the fiscal cliff. i will run a few -- through a few of them for you. from "the daily news" -- also "l.a. times" -- i will take to "a "boston globe"" -- "the boston globe" -- the new york post -- the story i want to start with this morning is from politico. that line is -- senate leaders are headed into a critical sunday session of congress with a similar mission to avoid historic tax hikes, setting the stage for a high wire a final act of fiscal cliff negotiating just two days before the country is hit with a series of tough austerity measures. -- that again is from politico this morning. you're getting your thoughts, and we want to hear your message to congress on the fiscal cliff negotiations. the politico story mentioned what was happening
CSPAN
Jan 1, 2013 1:00pm EST
clause 12-a of rule 1, the house will stand in recess subject to the call o capital gains taxes go up to 20% and delaying the across-the- board taxes for two months, extend long-term unemployment taxes for two years and extend long-term unemployment benefits for one year and a 2% payroll tax adjusted. representative tom cole is not in favor of amending the deal. and another tweak from a capitol hill reporter, alan cota, who works for roll call. he says, cleaver will vote for it. rep cleaver on the floor earlier today in those general morning speeches. we showed you that as we listened to members of congress and republicans and democrats alike come to the floor and say they like it. we heard a mix of comments about the deal that was brokered. is your turn to weigh in. sean in new york,, go ahead. caller: the president should just let it ride. i do not mind paying 39%. if we were under the roosevelt years, we would be making -- pay 90%, and even at that, you can still be millionaires. the democrats won. that is it. host: you say the president should let it ride, but some democrats ar
CSPAN
Dec 23, 2012 9:30pm EST
600,000 more private- sector jobs this year. we are helping those families by freezing the council tax and by making sure that we help families with the cost of living. >> ed miliband. >> mr. speaker, we both pay tribute to workers and volunteers, but i never thought the big society was about feeding hungry children in britain. the problem is is working people who are turning to food banks. one head teacher of a teacher rated at standing says that even children with a parent or parents in work are often struggling with the choice between heating their homes, buying their children clothes, or buying them food. airport last week by the children's society said that 2/3 teachers were providing people with food or money to prevent them going hungry. mr. speaker, why does he think is happening, and why does it appear to be getting worse on his watch? >> i agree. we do have to do more to help the poorest in our country. that is why we have lifted the personal tax and have taken 2 million of the lowest paid people and remove tax altogether. if you take someone who is on a minimum wage to works
CSPAN
Dec 31, 2012 12:00pm EST
think of any deal that involves an increase in taxes and we don't know what house democrats especially on the liberal side of the spectrum would think about any deal that extends the current estate tax which could be one possible area of compromise. in essence, it is difficult right now to seat senate and house action today. if we are talking about today leading into tomorrow and into the early hours of 2013, that is one possibility. another one could be that they reach a deal and come out holding hands and tell the world they made a deal and they wait for a day or so and come back before the new congress begins on january 3. >> i was going to ask you where the threshold is in terms of income levels. the president said $250,000 or above is considered wealthy. then that was moved to $400,000 and senator harkin said there is some discussion to where that line will be drawn. are you hearing specifics in terms of the tax issue? >> senator harkin and others like senator durbin said the latest democratic position which would have been given to republicans on saturday night was an offer of ke
CSPAN
Dec 31, 2012 5:00pm EST
tax increases and spending cuts are scheduled to officially begin tomorrow. while we wait for the house to come back into session, more from the economist magazine forum. this is on technological innovations and how they might change medical care in the coming year. >> thank you. i have the pleasure of talking about health care in 2013. 2013 is to be a big year for health care. there is an enormous amount of exciting research in global health and personalized madison. at the same time, the affordable care act is continuing its torturous implementation with 2014 as the big year when medicaid will be expanded, when people will be required to get insurance and this question of how you expand access to health care, how you lower-cost is going to heat up in the next year if that is even possible. to discuss these issues, we have esther dyson. she has trained as an astronaut. going to space is much easier. please welcome esther. [applause] >> good morning. i am going to talk briefly and make predictions for three markets concerning health. there are the markets for health-care -- they a
CSPAN
Dec 26, 2012 7:00am EST
proposing, there are well down the light. they won the taxes now. by the time the cuts come in, this ought to be turned around and it was said, we do not need the cuts now that if it has turned around. host: lots of comments coming in of this but so far. one caller rights -- sarasota, florida on the line now. good morning, jill. caller: did morning. i have only one very short thing to say. listen, everyone out there. no matter what party believe in, they're used to be a wonderful country in africa called rhodesia. we are talking about african problems, but it was a bread basket country. produce things. now it is called zimbabwe. inflation is over 1000%. that is all i am going to say to the people watching and listening to this program because we are heading in the same direction. thank you and have a wonderful new year. host: a tear from bob now in the democrat light. caller: thank you for letting me have a chance to speak. i am more optimistic -- i a more pessimistic than optimistic. i just do not think they will ever get together like they should. my one comment is when they start
CSPAN
Dec 29, 2012 7:00pm EST
, the losses at the americans' tax rates are going up. the americans paycheck will get a lot smaller. that would be the wrong thing to do for our economy. it would hurt middle-class families and it would hurt the businesses that depend on your spending. and congress can prevent it from happening, if they act now. leaders in congress are working on a way to prevent this tax hike on the middle class and i believe we may be able to reach an agreement that can pass both houses in time. but, if an agreement is not reached on time, i will urge the senate to hold an up or down vote on a basic package that protect the middle tax from the income tax hike, extends vital unemployment insurance and lays the groundwork for future progress on more economic growth and deficit reduction. i believe such a proposal could pass both houses with bipartisan majorities, as long as these leaders allow it to come to a vote. they still want to vote no, let tax hikes it the middle class, that is their prerogative. but they to let everybody else vote as well. that is the way this is supposed to work. we just ca
CSPAN
Dec 27, 2012 5:00pm EST
. [laughter] the last comment is -- but shouldn't crease -- shouldn't greece all its own tax collection? >> let me start with the last question before i start giving out financial advisor. [laughter] greece certainly should focus on dealing -- not so much with tax collection, but what i call tax immunity. they have a very cozy system of tax immunity. the tragedy is when you have an economy like greece's going to a tailspin and you have a massive immunization of national income, and the central bank is effectively kaput, you can really improve your tax collection methods because there is no income tax. people just do not make money any more. even the rich do not make money. other than the money they have already accumulated through geneva or frankfurt. they are not making money. how can you improve your tax mechanism when there's no income to tax? that is the second question. the first question -- i am not worried about inflation at all. in this country, there is this fixation with quantitative easing. bernanke's attempt to stabilize the american economy. it is a policy that i have encou
CSPAN
Dec 28, 2012 2:00pm EST
raising taxes. this is a personal attack and i think it's a shame. we look like a third world country. we don't look like the united states. host: let's get a republican voice. our next caller is calling from west bloomfield, michigan, on the republican line. good morning. caller: i would like to get your thoughts on a balanced approach and have unbiased taxation by using a flat tax. that way you can calculate the amount of taxes we need for the deficit over 10 years. another point is to control the spending on entitlements by not giving millionaires social security benefits, thereby satisfying president obama's approach. instead of doing it through taxation, he can do it through the entitlements. guest: those are both ideas that have been raised, especially the social security and medicare benefits for the wealthy and potentially might not need them to live off of. one tricky part of that is wealthier americans have been paying these taxes for decades into social security and medicare if and a lot of folks have a problem with the idea of taking away their benefits they have paid for
CSPAN
Dec 26, 2012 1:00pm EST
bush era tax cuts, the dreaded sequester, across the board cuts of $1.2 trillion in spending will begin to take effect the first of next year. the good news is the white house and republicans have been trading proposals and at least yesterday appeared to be moving closer together. i would have much preferred that they would be talking about a bigger package than they've discussed but nonetheless to reach a package that would resolve some of these issues would be an important step forward and i think help promote certainty that would be important to our economy. on the revenue side of the equation, i just want to remind you what it's taken in the past to balance the budget. we hear talk on average revenue is in the 18% of g.d.p. range n. getting back to average you will should be sufficient. the problem with that is we have never balanced the budget in the last 50 years based on 18% of g.d.p. in revenue. balancedtimes we've going back to 1969, you can see that revenue has been about 20% of g.d.p. you can see from this chart. 19.7% of g.d.p. in 1969. 1999 it was 19.8%. twow,000 it w
CSPAN
Dec 27, 2012 6:00am EST
] the last comment is -- but shouldn't crease -- shouldn't greece all its own tax collection? >> let me start with the last question before i start giving out financial advisor. [laughter] greece certainly should focus on dealing -- not so much with tax collection, but what i call tax immunity. they have a very cozy system of tax immunity. the tragedy is when you have an economy like greece's going to a tailspin and you have a massive immunization of national income, and the central bank is effectively kaput, you can really improve your tax collection methods because there is no income tax. people just do not make money any more. even the rich do not make money. other than the money they have already accumulated through geneva or frankfurt. they are not making money. how can you improve your tax mechanism when there's no income tax? that is the second question. the first question -- i am not worried about inflation at all. in this country, there is this fixation with quantitative easing. bernanke's attempt to stabilize the american economy. it is a policy that i have encountered ever
CSPAN
Dec 26, 2012 8:00pm EST
president would be able to achieve what he did. plus the economic growth with his tax cuts. i think he had that real nice, soft personality, a very warm guy who knew what it was to be poor and to fight your way out of difficult things. but he was also a man who had convictions. he was willing to go to the mat if he had to. a good man. the best i knew. >> does the presidential nominating process bring candidate in to this system with conviction, with the kind of skills you think it takes to be a successful president? >> i do not mean to disparage anybody who has run for office but i think there is too many people running for office who are concerned about politics in getting elected than doing what is really right. i feel like ronald reagan was one of those guys who had a commitment in his soul to do what he thought was best for the country, and not to worry about being partisan all the time and being worried about the next election. and so i think right now we have too many people that when they run for office they read the polls and they try to do what they think is going to get el
CSPAN
Dec 28, 2012 1:00am EST
who are beneficiaries of an insurance program. that alone is a hidden tax people do not focus on unless it is pointed out to them. it raises the cost to everyone else. the fact never gets talked about. should. >> the largest government health care program, medicare, is reported to have brought levels -- fraud levels as high as $64 billion a year. you can imagine the frustration on the part of the public. why has the city never been able to get its arms around that level of fraud and abuse and what does it say for the expansion of government? >> it is expensive to weed out the fraud and abuse. it takes a lot of government time and money. i do think it is worth doing. we do not do it nearly enough. but it has been something -- government, at times, is wasteful in what it does not do as much as it is in what it does do. it never is risen to the top level as i think it should and hope it does. one of the reasons i did not want a government-run option is because that would have been a dumping ground for another government program to provide insurance and move away from the private mar
CSPAN
Dec 28, 2012 10:30pm EST
it, maybe even a large majority of it, on pure research. in other words, i want you to take my tax payer money and go out and try to do something that you may not be able to do. in fact, i call it research only if half the people think is impossible. if most of the people think it is possible, then you are doing development. you are not a research organization. if you took anybody out of nasa, out of engineering, i don't care if they were head of nasa or a secretary or a shop guy, when jfk got up and said 21 days after alan shepard made this little flight, that we are going to go to the moon before 1970, everybody jumped up and down. you know why? multi-year funding. wow, we are going to have jobs for nine years. yes, we can do it. this is cool. we will beat the russians. everybody was real excited. grab any person, taking into a private room and locked the door and say to him, what is your net worth? tell me what you are worth. and then ask him a question. would you bet everything that you are worth that we will actually do that, go to the moon and back safely before 1970? you wou
CSPAN
Dec 29, 2012 8:00pm EST
carbon tax, a cat capt. trade legislation? there are now conservative groups who are advancing with free-market branded solutions. the other day, a filler in the conservative booth, came out in support of a carbon tax. [applause] grover norquist chemo for about 16 hours. [laughter] definitely carbon taxes is bubbling up. rush right. and from a surprising source. people on the conservative side of the political spectrum, ultimately, i should not be a bar -- a partisan political issue. the day the sandy hit, i was with many people. >> of is just about to touch on that. fires burned homes with their democrats for republicans. the climate system does not care. hopefully, what we can do as scientists, is checked the risks and then the location details. but that is a whole different ball game. >> my name is carol stone. do you think the mayan calendar this year will have any effect? and what is the effect of the population in the world -- a billion on this issue of carbon -- >> violation? >> that -- there is a number of factors. when you look at local government in emissions. if there are
CSPAN
Dec 30, 2012 11:00pm EST
sort of like a jack in the box. you ended up and it pops out and says help the rich. cut taxes for the poor unfortunate masses of corporate ceo's. that is what turns me off about the republican party. because they have done a time after time. as i said those years ago, for broader reasons. that is where they go. it is one of their weakest and less supportable attributes. >> when were you ever wrong when you look back at how you analyze things? >> you mean hugely wrong? >> no, i mean, when you look back and say i missed it. or have you been on target all the time? >> as far as minor things are somewhat minor things, to take one, i really did not think that george w. bush would ever become president. and i think it would have been nicer if he hadn't. i did not expect the republicans to win congress in 1994 until it was almost upon us. i did not expect that six months earlier. a big mistake was to not take ronald reagan as seriously as i should have. granted, he was not the deepest president we ever had. but he was pretty effective in his own way. and i did not take that seriously eno
CSPAN
Dec 25, 2012 1:00am EST
poll tax -- everybody knows the poll tax. he voted against the civil rights bill. he was opposed to the ways it was being done. the congress was going to step in and say you cannot use the poll tax. byrd said do it right. eventually it was rejected. byrd voted for it. two years later, congress comes back with a constitutional amendment and byrd voted for it. he voted for it once they did it right with a constitutional amendment. he filibustered, it is true. there was a 14 hour filibuster. not one racial word in the whole thing. read through the thing. "let's make this thing right and i can support it." racist. read throughout the filibuster. there is not one racial thing. the whole thing is basically constitutional law. he was disagreeing with the way it was being done. this was about literacy tests. here he is talking abouthe opposed them on that measure. it proposes two different ways to do this constitutionally. that is what is left out. congress could do that. and that would be done. he voted against that bill because of the constitutional concerns. he voted for the 1960 civil r
CSPAN
Dec 26, 2012 1:00am EST
in which we have a vital middle-class and our tax policy reflects that as well. opportunity is broadly available. i think that is solidly in the mainstream of the democratic party. we can have a debate about means of achieving that, and i think we have to do some soul- searching about how in the 21st century we achieve those goals, and whether all the avenues and pathways that made sense 50 and 60 and 70 years ago are still valid today. many of them may be -- some may not. on the fundamental goals, he is solidly in the position of the democratic party, solidly progressive. i think that is a lot of what the election was about. >> in this election it has been observed that much of the advertising was predominantly negative. i would like to ask -- i know both sides of campaigns engaged in this. including an obama at that scene to insinuate that a woman -- bain as responsible for a woman losing her insurance and somehow causing her death. ads like that seem to degrade the whole political process. i wanted your comments on negative advertising. >> i agree that there are ads that deg
CSPAN
Dec 31, 2012 6:00am EST
reagan administration. i remember the old howard jarvis tax revolution in california and things like that. you had a whole sequence of radical conservatives also the beginnings of the religious right in the south. this was not a traditional conservatism. >> april of 2003, wealth and democracy, political history of american rich. >> that was more the politics of rich and poor but with a whole lot of detail. at that time you were really seeing what had been an early stage buildup. it was now a major buildup. it went on to be what we finally saw break apart in 2008. >> we talked about richard nixon. before him, what did you think of lyndon johnson and what is his legacy? >> i was never a fan of lyndon johnson. i don't think his legacy is terrific. he was obviously a very capable man. in a number of ways, he was like nixon. he was suspicious of everybody. he is not going to be remembered as what he would like to be remembered as. obviously, he was capable in doing something, as nixon did some things. -they'rethink johnson - not going to put up a statue of lyndon johnson next to washingto
CSPAN
Jan 1, 2013 7:00am EST
at noon eastern and we'll get latest and where the country stands on tax hikes and spending cuts. we will talk to a washington reporter about the fiscal cliff and at 8:30 eastern, the washington >> 89-9. the bill as amended is passed. ♪ host: in a highly unusual boat, the senate overwhelmingly approved a short-term measure that will prevent tech bytes and the majority of americans will also delaying the across the board automatic spending cuts for two more months. the measure moves to the house for a vote later today. good morning. happy new year. it is january 1, 2013. even though the country fell off the bat -- the fiscal cliff, all reports are that congress can retroactively prevent the tax hikes set to begin today. it has one more day to prevent automatic spending cuts that take in on wednesday. our coverage of this class continues this morning on "washington journal." if you want all along, go to c- span.org/fiscalcliff. we will begin with your take on this emerging deal. democrats -- republican -- independents -- remember to send us a twit -- a tweet at twitter.com. faceb
CSPAN
Jan 1, 2013 5:00pm EST
taxes for the next year. it is the wise thing to do, to sit on cash and conserve it because you do not know what your tax bill is going to be, you do not know how much longer your economy is going to be in disastrous shape. host: "the hill" is reporting this with house gop setting a 1:00 p.m. conference meeting. we are learning that house gop rank-and-file will gather for a conference meeting. boy, would you like to the inside of that conference meeting. guest: indeed, but my hunch is it will not be a raucous affair. i would assume speaker boehner would have a hands-off approach, and say, "guys, i did my best, this came down the pike, we try to come up with the deal, and not get it done." his own caucus would not support it. we should have realized that was the danger. at the time, speaker boehner said to the president and harry reid, the senate needs to send something our way, and we will deal with it. i thought it was a humble and honest approach. now, they got it, and i do not think they're going to like it. host: again, the house comes into session around noon eastern time. keep yo
CSPAN
Dec 29, 2012 7:00am EST
the verge of an agreement that would let taxes rise on the wealthiest households while protecting the vast majority of americans from tax hikes set to hit in january. welcome to the saturday edition of "and the washington journal." for the first 45 minutes of the program we are going to be talking about senate negotiating a fiscal clifts deal, what has been going on on that half of the capital. see what they are talking about and how things are going. we want to get your input and your part of the conversation. you can reach out to us on twitter. facebook, facebook.com/cspan. and you can send us an e-mail. this is more from the article, the lead story in "the washington post." they ride, the development marked a breakthrough after weeks of paralysis. joining us by phone is one of the authors of that article, and, laurie, welcome to the program. tell us, what kind of a deal did the president offered? what is new in the negotiations among the senators and between the senators and the white house? caller: there does not appear to be anything new. the policies they are talking about a
CSPAN
Dec 23, 2012 10:05pm EST
that republicans must be ready to go over the fiscal cliff that includes no tax increases. sbainer boehner and other republican leaders have been too scared about suffering publicly if the nation goes over the cliff and the tax sbikeses that are triggered in january. now that the plan b has failed these conservative republicans should be empower you ared to make big demands and stop caving to the president out of fear." guest: that doesn't make much sense to me. you have to get it through the house republicans then the president has to sign something, if that doesn't happen then you have very large tax increases a lot more than what they were talking about in their negotiating and you have the defense cuts that happen overtime and some other, nondefense cuts. you really have this huge amount of revenue, a lot of debt reduction. it is hard to see what demands the republicans can think will be easier to make come the new year. guest: plus, we've seen the president's approval level is at a high. and the poll should show that the republicans are going to be blamed if we go over the cli
CSPAN
Dec 29, 2012 3:32pm EST
protects the middle class from an income tax hike, extends vital unemployment insurance for americans looking for a job, and lays the groundwork for future progress. such a proposal could pass both houses with bipartisan majorities, as long as these leaders allow to come to a vote. if they still want to vote no, that is their prerogative. but they should let everybody else vote as well. that is the way this is supposed to work. we cannot afford a politically self-inflicted wound to our economy. the economy is growing. the folks you sent to washington have to do their jobs. the housing market is healing, but that could stall if folks are seeing smaller paychecks. unemployment rate is lowest it has been in 2008, but already families and businesses are starting to hold back because of the disfunction they see in washington. you meet your deadlines. you meet your responsibilities every single day. the folks you sent here to serve should do the same thing. we cannot let washington politics get in the way of america's progress. we've got to do what it takes to protect the middle c
CSPAN
Dec 30, 2012 6:30pm EST
effect are a big sticking point in these negotiations. people are trying to avoid taxes going up automatically and there is a spending side trying to make sure these do not happen and a sticking point for how and if they avoid these will trying to avert the tax increases. guest: i was in the scrum of reporters as he walked out of the democratic caucus meeting. he asked senator reid if he planned to make a counteroffer and he said, i just did, and he kept walking. shortly thereafter, i spoke to his spokesperson is saying that he was just being rhetorical. i don't know if that was just a bit of harry reid your market -- humor or she had made a counteroffer and they did not want to make it public. that is how it has been. lots of information, lots of lawmakers trafficking. not a lot of good, solid information as these are pending. >> one story is that much mcconnell had gone to speak with vice president biden. what can you tell us? guest: the republican leader calls joe biden off the bench. it is what we had been waiting for. the senate republican leader and the vice-president have
CSPAN
Dec 31, 2012 7:00am EST
saying yes." what has been going on here? wanted to president's raise taxes for people making over $250,000 a year and do that with some budget cuts and some and tom reform and that he has not been able to get any kind of action from the republicans. he believes there is a negotiation in which he has been the only person willing to put forward any kind of compromise and the house republicans have not been able or willing to do. the vote john boehner schedule and had to cancel is evidence of that in the present cost mind -- in the president's mind. we have part of what speaker boehner said. "the comments today are ironic as a recurrent theme was his unwillingness to stand up to anything in his own party. from the republican side of the aisle and speaker boehner, where are things at the moment? guest: the speaker had been hoping there would be a larger deal. the president was ready to move forward on in the time they had in front of them. this was in vision at one point to be the grand bargain which would incorporate in atomic reform and all sorts of budget cuts. changes to the tax r
CSPAN
Dec 31, 2012 8:00pm EST
agreement that will prevent a middle-class tax hike from hitting 98% of all americans starting tomorrow. preventing that tax hike has been my top priority. the last thing that folks like the folks appear on this stage can afford right now is to pay an extra $2,000 in taxes next year. middle-class families cannot afford it, businesses cannot afford it, our economy cannot afford it. today, it appears an agreement to prevent this new year's tax hike is within sight. but it is not done. there are still issues left to resolve but we are hopeful that congress can get it done. it is not done. part of the reason i wanted to speak to all of you today is to make sure that we emphasize to congress and members of both parties understand across america that this is a pressing concern on people's minds. now, the potential agreement that is being talked about would not only make sure the taxes don't go up on middle- class families, it also would extend tax credits for families with children, it would extend our tuition tax credit that has helped millions of families pay for college, it would extend ta
CSPAN
Dec 24, 2012 7:00am EST
with the president's position that both sides should avoid tax hikes on middle-class americans. also, nra executive said the group would not support any new gun laws in this country. good morning this monday, december 24, 2012. we will begin this morning with your thoughts on religion and politics. as a religion influence your political decisions? also send us your tweet if you go to twitter.com -- we will begin with the sunday review section of the "the new york times" yesterday. we want to get your take on this. it does religion influence your politics? with more people saying they are unaffiliated. we want to get your take. here are some comments from facebook this morning. what are your thoughts on this december 24, 2012. it does religion influence your politics? let me show you this from "the new york times" this morning. a new poll out worldwide religion shows up that one out of six follows no religion. that is worldwide. all religions outside the united states as well. the upi story. religious identity affect voter choice. and then on the 2012 election, here is the pew f
CSPAN
Dec 28, 2012 7:00am EST
. you have to be braced for an anything. host: the president is getting higher taxes if we go over the cliff and he can go back and change the tax rate for those making $250,000 or less. the speaker saying it has to be $1 million or above. the president much more in the driver's seat. guest: yes and no. let's say we go over the cliff and that's the markets are in a panic and people have paychecks that have less money in them. people will not necessarily blame john boehner. they will blame the president. he has political capital that could evaporate. i'm not sure if he gets what he wants -- that is not how american politics necessarily works. host: what led to this meeting? harry reid was sounding pessimistic early in the day. then john boehner calling the house back sunday evening with a vote scheduled after 6:00 p.m., setting up a late sunday session or a lot of fireworks on monday. guest: the redskins-cowboys game is on sunday night. each side staked out a public position it had to stake out. use it at the end there's a sentence saying, but we will talk or negotiate. nothing unus
CSPAN
Dec 31, 2012 12:30am EST
trying to avoid paying a fair amount of the tax. members of the public accounts committee skied zero executives. they said they were doing anything wrong. they fouled losses in the u.k. almost every year. >> if you've made losses in the suck which is what you're fighting, over 15 years, what has you doing business here? >> we know that we must within the u.k. to be a successful company. >> but you're not making money. >> we've had encouragement over times. >> 15 years. andre still making losses yet you're carrying on. if it's true. >> i assure you it's very strew. we're not at all there. >> i mean for 14 years of trading this -- in this country and get paid $17.6 million in corporation tax. you either want the business very badly or something else is going on. >> would you consider making a commit development the british marketplace about the degree to which you will have a fair approach to taxation? >> we are never aggressive in avoiding taxes by any means. we do not have tax havens in place. that's just now hot we do business. we look forward to deepening our investment. we have ev
CSPAN
Dec 28, 2012 9:00am EST
, or this department over here, and what they are doing is restricting jobs and tax base. i would encourage people to get involved in your institute and fight this because it is not doing anything for the economy or our country. merry christmas to everybody. host: john, thank you for the call. what is the history of the cato institute, founded in 1977? guest: it was founded to promote liberty and economic freedom, starting in san francisco, and then move into washington, d.c. milton friedman admitted the kindle institute has never sold out. we still work for liberty and freedom. i've been working with the cato institute since 1995 and full time since 2007. host: mary, fort washington, maryland. democrat. caller: i would suggest thinking that if you follow all of the problems come at the end of the trail you will find the smiling grin of greed. that is what i think caused it. for myself, naca program helped us, taking us out of the ugly arm. my mortgage is $964 a month, which will allow us to stay in our home comfortably. guest: people blame things like a financial crisis on greed,
CSPAN
Dec 27, 2012 7:00am EST
try to counter that immediately. senate democrats saying we passed a bill that raises tax rates on incomes over $250,000, we ran on this and this is what we are offering. house republicans were saying, no, we want to negotiate something, figure it out and send it to us. someone is going to have to move. who? the president met with senate majority leader harry reid before going to hawaii and his offer was to extend the tax cuts for incomes under $250,000, extend unemployment insurance benefits, and the lady across the board automatic cuts that are supposed to start january 1. that seems to be a non starter with republicans. it's hard to see where we go from here. host: have they been talking over the christmas break at all? also, one has been the role of senator mitch mcconnell? guest: the line that comes from the speakers office all the time is the line of communication remain open. i don't know how much talking they did as the president was in hawaii spending time with his family and the speaker was back home in ohio, i believe. i don't know that for sure. everyone was doing their
CSPAN
Dec 30, 2012 12:35am EST
have to do. there is a debate to be had. should it be a carbon tax, a cat capt. trade legislation? there are now conservative groups who are advancing with free-market branded solutions. the other day, a filler in the conservative booth, came out in support of a carbon tax. [applause] grover norquist chemo for about 16 hours. -- came out for about 16 hours. [laughter] definitely carbon taxes is bubbling up. rush right. and from a surprising source. people on the conservative side of the political spectrum, ultimately, i should not be a bar -- a partisan political issue. the day the sandy hit, i was with many people. >> of is just about to touch on that. fires burned homes with their democrats for republicans. the climate system does not care. hopefully, what we can do as scientists, is checked the risks and then the location details. but that is a whole different ball game. >> my name is carol stone. do you think the mayan calendar this year will have any effect? and what is the effect of the population in the world -- a billion on this issue of carbon -- >> violation? >> that --
CSPAN
Dec 30, 2012 2:00pm EST
, they say that they gave ground on other issues, including raising the tax threshold, as well as -- that was from two hours ago. sheila jackson mentioned the change that she objects to, she and other outside democrats and house progressives in particular. don is on the democrat's line. go ahead with your comments. caller: i am an old disabled veteran. i love this country so much. i cannot understand for the life of me what our government is trying to do with the bickering and tearing each other down, tearing the country down. why in the world can these supposedly intelligent groups of men and women not get together to work out for the best interest of all concerned, all 330 billion americans, what is the best course to take? just take it. none of this squabbling. get together, folks. let's have some harmony in warrington. that is what we need. we need more on selfishness. a lot less ulterior motives. no more 2000 page bills that no one can understand. we do not need more of that crap in washington. we need some representation. get your act together. >> we are going next to minnea
CSPAN
Dec 29, 2012 10:00am EST
the decade. that increased federal income tax rate, it pays for the cost of the po grant. half of the students are not traditional students, but the half that are, they have a typical work load. yet 10 years to pay back the government for the cost of a grant. then there is a 14% return on investment. it is not as much of an advance from the federal government. we should stop thinking about this as being purely a personal benefit to the students. and there is all sorts of good that comes from higher education. there is a lot of good that stems from a college education and as a society, we should be putting the highest possible priority on it. we get what we sow, and you need to be thinking about where we want our society to be in a few decades, and the way to that, and ever improving society is through education, not cutting the one thing that is a real investment. >> another thing i would say, i will give you an example from a parent loan situation. if you get a client, you fail this credit check. you get about $4,000 extra in student loans. i hear this from administrators a lot,
CSPAN
Jan 1, 2013 10:00am EST
morning in an unusual new year's morning vote approved a short-term deal to avoid tax hikes on middle- class americans, 89 to 8, three senate democrats and five senate republicans voted against that measure. house members are about to come in. there are a number of matters on the docket, but the big ticket item is this deal on the so- called fiscal cliff. will they bring it up in the house? will they amend it? will they approve of what the senate did? all questions that remain this afternoon. house democrats are going to be meeting at a quarter past the hour and republicans at 1:00 p.m. live coverage, here on c-span. m fiscal health? the endless cycle of increasing taxes and cutting spending will not work because the debt keeps ballooning with compounded interest. it's time for a new american monetary policy to climb out of poverty and debt. this is in the national employment act, the need act. let's regain control of america's destiny. the speaker pro tempore: the gentleman's time has expired. for what purpose does the gentleman from texas seek recognition? mr. poe: i ask unanimous c
CSPAN
Dec 24, 2012 5:00pm EST
financed? guest: it has been a self funded program. it is funded by payroll taxes. there's a 12.4% tax on wages up to about $110,000. you make more than that then any money you make over that is not taxed for social security. it is divided equally between your employer and the worker. for the past two years, the workers share has been reduced. that has saved, by the way, if you are an average worker that is $1,000 tax cut. host: we can see in this pie chart where that money comes from. payroll taxes making nearly 83% and interest and taxation of benefits. we see the payouts. benefits, 90% of the money spent goes to benefits and administrative expenses and retirement. what are some of the other numbers we're seeing? guest: the interest is from the trust fund. so when the last time social security in 1983 they put in a system that generated more money in tax revenue than were being paid out in benefits. a trust fund was built up. so when social security had that additional money, the treasury holds it. they invest it in treasury bonds and those bonds earn interest. that is where tha
CSPAN
Dec 29, 2012 6:00am EST
. it is now. we are at the point where in four days every american's tax rates are scheduled to go up by law. every americans' paychecks will get considerably smaller. that would be the wrong thing to do for our economy, it would be bad for middle-class families, and it would be bad for businesses that depend on family spending. congress can prevent it if they act right now. i just had a good and constructive discussion here at the white house with leadership about how to prevent the tax hike on the middle class. i am optimistic we may reach an agreement that can pass both houses in time. senators reid and mcconnell are working on such an agreement as we speak, but if an agreement is not reached in time between senator reid and senator mcconnell, then i will urge senator reid to bring to the floor a basic package for an up or down vote to protect the middle class from an income tax hike, extends the vital lifeline of unemployment insurance to 2 million americans looking for a job, and lays the groundwork for future cooperation on more economic growth and deficit reduction. i believe s
CSPAN
Jan 1, 2013 1:00am EST
. although the deadline has passed, congress can still deal with the impact of spending cuts and tax increases that were set to go into effect on january 1. congressional leaders say they want to send legislation to president obama within a day or two, so consumers should not notice any impact. again, that from the associated press. and now, we talk to a reporter on capitol hill about the actions so far by senate democrats in reaching an agreement. todd is from the takeaway. hours before the deadline, democrats announced a scaled- down version to avoid the so- called fiscal cliff. what are some of the key items in the deal? >> the most important items people will be paying attention to are the income tax rates. you are looking at a tax increase on individuals making more than $400,000 and individuals and families making more than $450,000. president obama campaigned on 250 thousand dollars, and they are redefining what is middle class. now, someone who makes $300,000, that person is middle class, too, but that is fiscal cliff politics. you have the marginal rates. there are going to
CSPAN
Dec 27, 2012 1:00pm EST
burnie of the legal rules -- and making sure we have liberals for the economy. and the transaction tax is being taken very seriously in europe and probably will happen there, even though the u.k. is kicking and screaming because they specialize in being the home of trading, whether trading in stocks or derivatives or anything else. they simply do not want that to be taxed. there are people in congress. i think wall street is now the number-one contributor to political campaigns. at least, it is in the running for number-one. i have been to washington many times and i'm involved with several groups that are trying to reform the business sector so that it can work, so that it can survive. it is very difficult because of the sheer amount of money that the finance sector in particular is pouring into lobbying and campaign contributions. it is very difficult. >> let's give a round of applause for lin. -- lynn. [applause] there is an opportunity for you to purchase and have the but signed. if you have court-further questions, she will be here signing books. thank you all and have a safe trip ho
CSPAN
Dec 30, 2012 10:30am EST
a caucus meetings and update members of the parties on a possible plan for taxes and spending on the new year. will bring you live coverage of the senate on c-span2 started at 1:00 eastern. in the house, the return of 2:00 p.m. you'll be considering a number of pieces of legislation. what the live coverage of the house here and c-span. next, retiring senator kent conrad reflects on his career in congress to. it is currently senate budget committee chairman and was first elected to the senate in 1986. this is about half an hour. >> senator conrad, your farewell speech was yesterday. what is that like? >> it has been great. i had the going away party the night before. a lot of my colleagues were there. then the farewell speech, in which i had a chance to reflect on my service here. but also, to challenge my colleagues to finish the job on the grand bargain to get our fiscal house in order. i laid out the specifics of what i thought would be a genuine compromise between the two sides. it was satisfying. >> why did you decide not to run again? >> many reasons. i have served your 26 y
CSPAN
Dec 31, 2012 12:00am EST
growth, tax and benefits. among the headlines the scrapping of a planned rise in fuel tax. a 1% rise in working benefits an increase at the threshold in which people begin to pay tax. he would have to extend austerity measures until 2015. >> the deficit is coming down, coming down this year and every year of this parliament. yes, the deficit is far too high for comfort. we cannot relax our efforts to make our economy safe. but britain is heading in the right direction. >> money would be spent on infrastructure projects like road and rail. >> he moved on. >> those will see it rise by an average of 1%. in a similar approach of a 1% rise should apply to those in receipts of benefits. ensurefair and it will that we have a welfare system that britain can incur. >> that would cut taxes to 21%. the chancellor moved on to the topic of fuel. >> there is a 3% rise. somehow suggested that we delay it until april. i disagree. i suggest we cancel it all together. >> and finally he moved to changes to the amount people earned before paying tax. >> people will have $9,444 before paying any tax at a
CSPAN
Dec 30, 2012 10:00am EST
raising taxes is not a good way to help the u.s. economy. do you have an across the board opposition to raising taxes? >> i do believe that the worst thing to do any weak economy is to try to raise taxes. it is like pouring gasoline on fire. it is important to remember as a look at this debate, if the president gets all of his tax increases he is asking for, it $80 billion to the government. that is enough money to run the government for eight to 16 days. it will raise our deficit to somewhere around $1 trillion. i think we have to get aggressive about spending. we're going to have to look added title months if we're going to start to solve these problems. -- entitlements if we're going to start to solve these problems. i think the approach he has taken is one that is setting this process up for failure. the proof is the results of negotiations we have seen over the last couple weeks. >> would you have voted for plan b? >> as someone who has been out here in indiana, i do not know all the details of plan b. i know the basic framework. i support the speaker's efforts to try
CSPAN
Dec 27, 2012 10:00am EST
a bill that raises tax rates on incomes over $250,000, we ran on this and this is what we are offering. house republicans were saying, no, we want to negotiate something, figure it out and send it to us. someone is going to have to move. the question is, who? the president met with senate majority leader harry reid before going to hawaii and his offer was to extend the tax cuts for incomes under $250,000, extend unemployment insurance benefits, and the lady across -- and then delay the across the board automatic cuts that are supposed to start january 1. that seems to be a non starter with republicans. it's hard to see where we go from here. host: have they been talking over the christmas break at all? also, one has been the role of -- what has been the role of senator mitch mcconnell? guest: the line that comes from the speakers office all the time is the line of communication remain open. i don't know how much talking they did as the president was in hawaii spending time with his family and the speaker was back home in ohio, i believe. i don't know that for sure. everyone wa
CSPAN
Dec 26, 2012 10:00am EST
keep us from the automatic spending cuts that go into effect in january and deal with a saner tax system. we can follow a framework as recommended by the simpson- bowles commission that will allow us to protect benefits but will also make some of the tough choices that kelly was talking about. i think we have to put everything on the table for that kind of a deal. we have to look at revenues. we have to look of the domestic side of the budget. we of the look of the defense -- we have to look at the defense side. and we have to look at the mandatory program. i think we do have to make some tough choices. but i also believe that getting that done will provide tremendous certainty for businesses in this country, for families so they know what we are expecting. and that that will really give our economy a shot in the arm, and get money off the sidelines and allow business to invest in with that creates jobs. that is what we need to do for the future. now, the other party that i have been working on and that we have made some progress but we will continue is the country's energy policy
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